Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council

The GST Council in its 55th Meeting chaired by Finance Minister Nirmala Sitharaman announced significant changes to the GST regime. The changes introduced are as follows- Gene therapy has been exempted from the purview of the GST. Decision on whether restaurant services provided by electronic commerce operators should be taxed at 5% has been deferred. This decision will be taken by the fitment com…